FINANCIAL NEWS

Bahraini Cineco logs USD19.89m net profit in 2014

26 Feb 2015

(MENAFN) Cineco, Bahrain Cinema Company, registered a net profit of USD19.89 million in 2014, marking a 20 percent increase when compared to the USD16.63 million of 2013, Gulf Daily News reported.

Cineco witnessed drastic expansion project in all business sectors in 2014, including cinema operations, restaurants and investments, according to the company’s chief executive.

“The company posted a strong overall performance with improved financial results. We look forward to another year of profitability and healthy growth with our various initiatives and upcoming future projects,” Cineco’s chairman said in a statement.

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